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Atrial balance before adjustment included the following: Debit Credit $133,000 Accounts receivable Allowance for doubtful...

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Accounting

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Atrial balance before adjustment included the following: Debit Credit $133,000 Accounts receivable Allowance for doubtful accounts Sales Sales returns and allowances $1,080 471.000 5,200 Prepare journal entries assuming that the estimate of uncollectible is determined by taking (1) 4% of gross accounts receivable (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (2) 3% of gross accounts receivable (assuming a $1.080 debit allowance account balance). (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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